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Ross Stores (ROST) Stock Price, News & Analysis

$139.76
-0.08 (-0.06%)
(As of 05/31/2024 08:51 PM ET)
Today's Range
$137.94
$140.38
50-Day Range
$127.68
$147.19
52-Week Range
$100.66
$151.12
Volume
3.20 million shs
Average Volume
2.24 million shs
Market Capitalization
$47.06 billion
P/E Ratio
23.57
Dividend Yield
1.05%
Price Target
$156.58

Ross Stores MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
12.0% Upside
$156.58 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
0.64mentions of Ross Stores in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$10.53 M Sold Last Quarter
Proj. Earnings Growth
9.06%
From $5.96 to $6.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Retail/Wholesale Sector

10th out of 200 stocks

Family Clothing Stores Industry

1st out of 11 stocks

ROST stock logo

About Ross Stores Stock (NASDAQ:ROST)

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.

ROST Stock Price History

ROST Stock News Headlines

MarketBeat Week in Review – 5/27 - 5/31 (ROST)
Markets closed the week quietly after a sharp sell-off; however, the market is likely to remain volatile as several key economic reports are on deck
Ralph Lauren Slingshots Higher as Sentiment Improves for Retailer (ROST)
Premium apparel maker Ralph Lauren Co. (NYSE: RL) reported its fiscal Q4 2024 earnings report with lowered guidance causing shares to predictability gap down
Ross Stores: Buy Off-Price Retail While It's Still a Bargain
Ross Stores NASDAQ: ROST isn't a cheap stock trading 24 times its earnings, but it is a value for investors. Competitor TJX Companies NYSE: TJX trades at a similar valuation, about four handles greater than the average S&P 500 NYSEARCA: SPY stocks, for a reason.
Ross Stores: Buy Off-Price Retail While It’s Still a Bargain
Ross Stores is well-positioned for the retail environment; it generates solid cash flow, has a fortress balance sheet, pays a reliable dividend, and buys stock.
Ross Stores (NASDAQ:ROST) PT Raised to $176.00 at TD Cowen
Ross Stores (NASDAQ:ROST) Updates FY 2024 Earnings Guidance
Ross Stores (NASDAQ:ROST) Issues Q2 2024 Earnings Guidance
Ross Stores (NASDAQ:ROST) Issues FY25 Earnings Guidance
Ross Stores (NASDAQ:ROST) Issues Q2 Earnings Guidance
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Last Earnings
5/23/2024
Today
6/03/2024
Ex-Dividend for 6/28 Dividend
6/11/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/15/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Apparel Retail
Current Symbol
NASDAQ:ROST
CUSIP
77829610
Employees
108,000
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$156.58
High Stock Price Target
$176.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$1.87 billion
Pretax Margin
12.64%

Debt

Sales & Book Value

Annual Sales
$20.38 billion
Cash Flow
$6.81 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
329,629,000
Market Cap
$47.06 billion
Optionable
Optionable
Beta
1.08

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Should I Buy Ross Stores Stock? ROST Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ross Stores, Inc.:

  • Ross Stores has a solid trend-following signal on the weekly view, indicating a bullish outlook for the stock.
  • The company's debt-to-cash ratio is near 0.5 times cash, showcasing a strong financial position with ample liquidity to cover obligations.
  • Ross Stores has a history of increasing shareholder equity, which was up by 6.5% recently, indicating positive growth.
  • The company's dividend payout ratio is attractively low at 23% of this year's outlook, suggesting sustainable dividend payments.
  • Share repurchases by the company have been significant, reducing the average count by 1.8% year over year, which can positively impact earnings per share.

Cons

Investors should be bearish about investing in Ross Stores, Inc. for these reasons:

  • The stock is facing resistance at a critical level, potentially limiting short-term upside potential.
  • The dividend yield is relatively low at 1%, which may not be attractive to income-focused investors.
  • While the company has a plan for significant share repurchases, there is a risk associated with allocating substantial funds towards buybacks.
  • The market sentiment may be impacted by any unexpected changes in consumer behavior or economic conditions, affecting retail sales.
  • Investors should carefully monitor the company's ability to sustain growth and manage debt obligations effectively.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, May 31, 2024. Please send any questions or comments about these Ross Stores pros and cons to contact@marketbeat.com.

ROST Stock Analysis - Frequently Asked Questions

Should I buy or sell Ross Stores stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROST shares.
View ROST analyst ratings
or view top-rated stocks.

What is Ross Stores' stock price target for 2024?

18 brokerages have issued 1 year price objectives for Ross Stores' shares. Their ROST share price targets range from $112.00 to $176.00. On average, they anticipate the company's stock price to reach $156.58 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for ROST
or view top-rated stocks among Wall Street analysts.

How have ROST shares performed in 2024?

Ross Stores' stock was trading at $138.39 on January 1st, 2024. Since then, ROST shares have increased by 1.0% and is now trading at $139.76.
View the best growth stocks for 2024 here
.

When is Ross Stores' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 15th 2024.
View our ROST earnings forecast
.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) issued its earnings results on Thursday, May, 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The apparel retailer earned $4.86 billion during the quarter, compared to analyst estimates of $4.83 billion. Ross Stores had a trailing twelve-month return on equity of 42.24% and a net margin of 9.60%. Ross Stores's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS.
Read the conference call transcript
.

How often does Ross Stores pay dividends? What is the dividend yield for Ross Stores?

Ross Stores announced a quarterly dividend on Wednesday, May 22nd. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.3675 per share on Friday, June 28th. This represents a $1.47 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, June 11th.
Read our dividend analysis for ROST
.

Is Ross Stores a good dividend stock?

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.47 per share and currently has a dividend yield of 1.05%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 24.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 22.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROST.

How will Ross Stores' stock buyback program work?

Ross Stores announced that its board has initiated a share repurchase plan on Tuesday, March 5th 2024, which permits the company to repurchase $2,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

What guidance has Ross Stores issued on next quarter's earnings?

Ross Stores issued an update on its second quarter 2024 earnings guidance on Friday, May, 24th. The company provided earnings per share guidance of 1.430-1.490 for the period, compared to the consensus earnings per share estimate of 1.450. The company issued revenue guidance of -.

What is Barbara Rentler's approval rating as Ross Stores' CEO?

1,341 employees have rated Ross Stores Chief Executive Officer Barbara Rentler on Glassdoor.com. Barbara Rentler has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Ross Stores own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ross Stores investors own include Walt Disney (DIS), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Visa (V), Cisco Systems (CSCO), Starbucks (SBUX), Alibaba Group (BABA) and Walmart (WMT).

Who are Ross Stores' major shareholders?

Ross Stores' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.59%), Price T Rowe Associates Inc. MD (5.32%), JPMorgan Chase & Co. (2.57%), Bank of New York Mellon Corp (0.92%), EdgePoint Investment Group Inc. (0.85%) and Boston Partners (0.63%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, Jeffrey P Burrill, Larree M Renda, Michael J Bush, Michael J Hartshorn, Michael K Kobayashi and Patricia H Mueller.
View institutional ownership trends
.

How do I buy shares of Ross Stores?

Shares of ROST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Ross Stores have any subsidiaries?
The following companies are subsidiares of Ross Stores: Retail Assurance Group Inc., Ross Distribution Company LLC, Ross Dress For Less Inc., Ross Merchandising Inc., and Ross Procurement Inc..
Read More
This page (NASDAQ:ROST) was last updated on 6/3/2024 by MarketBeat.com Staff

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